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“The visa allows companies to temporarily hire foreign workers in specialty occupations including fields like science, engineering, and information technology. Workers are usually required to have highly specialized knowledge and a bachelor’s degree or higher in the specialty or its equivalent. The visas last for three years at a time.
They’re widely used in Silicon Valley, whose largest employers include outsourcing firms like Tata, Infosys, and Cognizant. According to Bloomberg, these companies tend to pay H-1B workers $65,000 to $75,000 a year, far less than the $100,000 or more at Google and Microsoft. Nearly 70% of all H-1B visas go to Indian workers.
Each year, a total of 85,000 H-1B visas are granted to foreign workers, with 20,000 earmarked for those with master’s degrees or higher. The visas are distributed through a random lottery.”
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